Watch for price action signals at horizontal key levels. Wait for a pin bar candlestick or engulfing bar candlestick to form.
Entry at 36.58. The rejection candle closing price on 13 Feb 2021 at 13:00 is 36.58. Planned forecast entry price was at 36.41. So, forecast was within 17 "pips." Trend: Up Level: 36.41 Signal: Pin Bar
Ethereum pulled back to 1763.98 as planned and formed a bullish price action signal (Pin Bar).
I'm looking at possibility for sell swing at current price, referrring to daily pinbar as support that breaks, and current is possible seller re entry.
This week we saw a new rise in GBPUSD and reaching 1.3866. It is currently in the support zone 1.3794-1.3750. As with repulsion from the zone, a new rise can be expected, to 1.3900. A reversing candle or a break of the correction is sought for entry. The stop options are under the previous support, where the model breaks down or as close as possible under the...
If we can reject the structure of the 0.9850 zones as resistance then look for shorts (on the 4h environment and daily close). Be careful as the TL breakout usually results in a good run to the upside. Proper risk and confirmations. GOOD LUCK! RR 1:3.75
DTEA hit a high of 7.45 before plunging to hit a low of 4.62 today (a 38% drop!). However, the worst appears to be over now as it closed the gap @ 4.83 and now began to form a bullish pin bar. The uptrend appears to be still intact despite retracing about 50% of the move that began at the start of this year. I went long @ 5.00 with an initial stop loss just...
In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
GBPJPY Day : SELL pinbar day candle formed. The price is in the suppyzone at 144.3, it has a chance to come down to the support at the demane zone at 140.1 .rsi oversold and the price has come close to the uptrend line. traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
With Lower Low break, and Higher High break, I'm looking at possibility for short buy based on Fibo Musang, entry at level 38-23 and TP at nearest, 161. Also at H4, Lower Low break comes from pinbar Low price. If break, then I consider to cutloss.
Price just get outside of my target Daily supply zone, and currently in Monthly supply zone. In Monthly supply zone, there is a break non-fresh shadow of bullish pinbar. So I think I will get better sell entry in body zone. Target sell exit is nearest Daily supply zone.
First touch of demand zone, there has been a good buyer entry. If the price came back to zone, I'm looking at Buy entry at Bottom candle Low price, as the candle is Bullish Pinbar candle. And exit target is based on Fibo Musang (reverse Fibo Retracement), exit at TP2 = level 261.
D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
There is possibility for fake out at H4 resistance trendline. I prefer safe exit at bottom candle (bullish pinbar) demand zone, as the bottom candle only make lower low without break (close) previous lower low.
There are two Bullish Pinbar as bottom candle (support zone) which the zone doesn't overlap. I will be looking for safe buy entry starting from Low price of Bullish Pinbar #2, and looks more possibility the price will enter demand zone of Bullish Pinbar #1. If price doesn't break Fibo level 100 (1.00), i will look for next buy entry at Low price for Bullish Pinbar...